Jim Cramer on QXO: “I Don’t Bet Against Brad”
Company Overview - QXO, Inc. (NYSE:QXO) specializes in supplying roofing, waterproofing, and building materials, including siding, insulation, and construction accessories [3]. Investment Sentiment - Jim Cramer expressed a positive outlook on QXO, stating that it is a buy due to the leadership of Brad Jacobs, despite the company being in a sector that typically struggles at this point in the economic cycle [1][3]. - Cramer noted that QXO has a 10% short position, indicating some market skepticism, but he believes in the company's potential to perform well [3]. Market Context - The current market conditions are challenging for the roofing industry, yet Cramer remains confident in QXO's ability to succeed under Jacobs' leadership [1].